Fish farming brings in €131.6 million in 2015

The gross output of the aquaculture industry, which comprises mainly tuna farming and closed cycle species, amounted to €131.6 million last year, growing by 30.1% from €101.2 million in 2014.

Industry income

The gross value added of the aquaculture industry in 2015 amounted to €20.5 million, marking an increase of 16.4% from €17.6 million over the previous year. The factor income amounted to €18.7 million, after taking into consideration fixed capital consumption and exchange rate differences. Furthermore, compensation of employees amounted to €4 million, while entrepreneurial income stood at €13.6 million.

Volume of fish sold

The volume of fresh fish sold last year amounted to 10,800 tonnes, which is an increase of 25.5% over the preceding year. This was mainly due to a increase in sales of tuna by 47.7%, while sea bass and sea bream decreased by 85.7% and 13.5% respectively.

When compared to 2014, intermediate consumption which takes into account the costs incurred in the production of tuna farming and closed cycle species, increased by 33%. This resulted from increases in purchases of live tuna and other fish, variable production costs and overheads by 49.8%, 21.7% and 18.8% respectively.

This data was collected by the National Statistics Office.